Snowball Daily Market Update -
After Bitcoin encountered strong selling pressure again yesterday, the price finally rebounded from the low of $62,800. At the close of the day, the price quickly recovered to $63,500, which is a key level to maintain the current range. Currently see 4-hour resistance at $64,500. This is the monthly opening price and the 4-hour EMA200. Reclaiming $64,500, another attempt to reclaim the previous support level of $65,700 can be seen. If $64,500 cannot be reclaimed. I notice that the CME gap below 57k is still in place. Short-term trend I expect BTC to retest between 60300-59200, and then rise to 63k-65k.
